Justin Tye

Morongo Valley, CA

Single-Family Homes

Active Realty I REAL


Morongo Valley, CA

Sat Jul 27 2024
This week the median list price for Morongo Valley, CA is $380,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 33. Click here to stay informed with the Morongo Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Morongo Valley, CA

Sat Jul 27 2024
This week the median list price for Morongo Valley, CA is $380,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has increased to 33. Click here to stay informed with the Morongo Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Morongo Valley market.
Median List Price $380,000
Median Price of New Listings $224,000
Per Square Foot $311
Average Days on Market 92
Median Days on Market 63
Price Decreased 45%
Price Increased 6%
Relisted 6%
Inventory 33
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$709,950 1,948 5 - 10 acres 3 2 44 0 1 70
$432,450 1,262 1 - 2.5 acres 2 2 57 0 0 56
$352,250 1,349 0.25 - 0.5 acre 3 2 56 2 0 66
$250,000 968 1 - 2.5 acres 2 1 68 2 0 84